Ex-Disney accountant alleges major accounting fraud in parks and resorts division

[Slpy3270]

From the reporter who broke the story...

 

[NateD1226]

From the reporter who broke the story...

My signature is ready to updated.

 

[Animaniac93-98]

Sunday Bombshell: Disney has been manipulating the fan community for years

Monday Bombshell: Disney has committed major accounting fraud

Tuesday Bombshell: Sleeping Beauty was awake the whole time

 

[ChrisFL]

This just in, Disney+ is planning to renew a classic TV show as a reality show set within Disney's Corporate ranks:

 

[KBLovedDisney]

What's going on??

 

[General Mayhem]

As someone who has grown to greatly detest the current regime at Disney this is all wonderfully entertaining.

 

[Chef Mickey]

Blown up by a mere 250%. *gulp*

The golf thing somehow rang a bell: when we used free miniature golf included with our tickets they gave us a receipt for the full amount and I thought it was peculiar compared to the $0 receipts you get on the dining plan. It all makes sense now!

This is promising to be a fun week. It's only Monday!

How'd you get 250%?

 

[Ojo4]

Not buying the story until I hear something more, story hasn't even moved the needle for Wall Street, also no story on the front page of Fox Business or CNBC so as far as I'm concerned its a nonevent.

 

[Andrew C]

Yeah....the amount of fraud this whistle-blower is claiming is hard to believe. Billions? nah....disgruntled ex-CM it seems trying to stick it to a mega corporation...

 

[cjkeating]

I mean. Isn’t this why WDI projects cost much?! Creative accounting?

 

[RobbinsDad]

OK this has been a fun game, but we're entering Breitbart territory now. If this were even less than smoke, it would be on every news feed in America.

 

[jt04]

The whistle blower better have solid proof. Not judging this one either way. Might be true, might not. The number of lawyers Disney has makes it seem like a stretch. IMO.

 

[Bairstow]

What's going on??

Two years ago a disgruntled employee and her attorney alleged something unlikely and last weekend a Medium article alleges something believable but not terribly surprising or important. Today everyone is hyperventilating.

 

[KBLovedDisney]

Two years ago a disgruntled employee and her attorney alleged something unlikely and last weekend a Medium article alleges something believable but not terribly surprising or important. Today everyone is hyperventilating.

Seems like a bunch of things are going on...at once...during the week of D23...

 

[Slpy3270]

OK this has been a fun game, but we're entering Breitbart territory now. If this were even less than smoke, it would be on every news feed in America.

Accounting fraud can take an entire megacorp down. Of course people are freaking out, and they should be!

Especially if it's revealed other Disney units have been participating in this scheme as well.

 

[skyphotographer]

I learned many years ago when I studied the stock market that "Accounting Irregularities" can be a huge problem for publicly traded corporations. If true, this is a very real problem.

 

[ImperfectPixie]

Seems like a bunch of things are going on...at once...during the week of D23...

We've got someone claiming that Disney manipulated social media to affect the career trajectories of certain individuals yesterday, an article about Disney being reported for fraudulently reporting revenue dropped today, and a forum user claiming to expect a bomb announcement at D23, and that there has also been money laundering in the parks budget. All during the week of AP previews of SW:GE at WDW after the lackluster opening at DL and less than a week prior to D23.

 

[Stripes]

Accounting fraud can take an entire megacorp down. Of course people are freaking out, and they should be!

Especially if it's revealed other Disney units have been participating in this scheme as well.

Whoa. Slow down there. We’re dealing with an allegation from a disgruntled former employee that alleges Disney inflated P&R revenue by billions of dollars. Uh huh, sure. Sure.

It is laughable.

 

[jt04]

People bought the collusion delusion too. I'm not believing anything without proof.

 

[RobbinsDad]

Accounting fraud can take an entire megacorp down. Of course people are freaking out, and they should be!

Especially if it's revealed other Disney units have been participating in this scheme as well.

I guess it's starting to trickle out now - still nothing on Reuters but several other new sites have reported it. Strange, I knew WDWMagic forums were awesome but I didn't imagine I'd get my breaking major corporation fraud news from here first.